One week ago we said that "hundreds of billions" of dollars are about to be loaned out to nuclear projects by the US government. Well, the first billion is about to be wired.  The Wall Street Journal reports Constellation Energy has secured a $1 billion federal loan from the Energy Department's Loan Programs Office (LPO) to restart the Unit 1 reactor at the Three Mile Island reactor plant in Pennsylvania, recently renamed the Crane Clean Energy Center. Constellation has said it would pay about $1.6 billion to restart the plant in 2027. …

Alaska’s production outlook is shifting for the first time in nearly a decade, with the U.S. Energy Information Administration (EIA) on Wednesday projecting that North Slope crude output will rise by some 13% next year as two large fields move into high-volume phases.  This would mark the strongest annual increase since the 1980s and a rare break from the long decline that has steadily reduced throughput on the Trans-Alaska Pipeline (TAPS). The agency ties the anticipated jump to new wells and extended-reach drilling tied to major North…

Alaska’s production outlook is shifting for the first time in nearly a decade, with the U.S. Energy Information Administration (EIA) on Wednesday projecting that North Slope crude output will rise by some 13% next year as two large fields move into high-volume phases.  This would mark the strongest annual increase since the 1980s and a rare break from the long decline that has steadily reduced throughput on the Trans-Alaska Pipeline (TAPS). The agency ties the anticipated jump to new wells and extended-reach drilling tied to major North…

Alaska’s production outlook is shifting for the first time in nearly a decade, with the U.S. Energy Information Administration (EIA) on Wednesday projecting that North Slope crude output will rise by some 13% next year as two large fields move into high-volume phases.  This would mark the strongest annual increase since the 1980s and a rare break from the long decline that has steadily reduced throughput on the Trans-Alaska Pipeline (TAPS). The agency ties the anticipated jump to new wells and extended-reach drilling tied to major North…

Renewable energies are exploding in emerging economies as the economics of wind and solar make it the obvious choice in most national and regional contexts. What’s more, the rapidly changing economics of renewables are not just saving money for developing countries, they could soon be making money in considerable sums in many emerging economies. A recent study from Oxford University finds that low- and middle-income countries stand to benefit the most from adopting renewable energies, with potential GDP gains of around 10 percent in the next…

Poland suspects Russian intelligence services were behind an explosion on a major Polish railway line used to transport military goods and aid to Ukraine, an act Prime Minister Donald Tusk called an "unprecedented act of sabotage." In the first comments where a Polish official suggested Moscow was behind the attack over the weekend, Jacek Dobrzynski, a spokesperson for Poland's special services minister, said the blast was an attempt "to destabilize" and "spread fear." In a speech to Polish lawmakers after the extraordinary meeting, Tusk said that…

Saudi Arabia’s crude oil exports hit a seven-month high in September as its production jumped to a 29-month high, the latest data by the Joint Organizations Data Initiative (JODI) showed on Wednesday.  Even as Saudi refinery runs rose by 38,000 barrels per day (bpd) in September from August, crude oil shipments from the world’s top crude exporter increased by 53,000 bpd, according to the data.    The increase may not seem much but it was the highest level since February and above the 2020-2024 five-year average for…

Saudi Arabia’s crude oil exports hit a seven-month high in September as its production jumped to a 29-month high, the latest data by the Joint Organizations Data Initiative (JODI) showed on Wednesday.  Even as Saudi refinery runs rose by 38,000 barrels per day (bpd) in September from August, crude oil shipments from the world’s top crude exporter increased by 53,000 bpd, according to the data.    The increase may not seem much but it was the highest level since February and above the 2020-2024 five-year average for…

Saudi Arabia’s crude oil exports hit a seven-month high in September as its production jumped to a 29-month high, the latest data by the Joint Organizations Data Initiative (JODI) showed on Wednesday.  Even as Saudi refinery runs rose by 38,000 barrels per day (bpd) in September from August, crude oil shipments from the world’s top crude exporter increased by 53,000 bpd, according to the data.    The increase may not seem much but it was the highest level since February and above the 2020-2024 five-year average for…